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Update : 26 April, 2024 17:06 pm

BB sells gold worth Tk18cr for 1st time in 16yrs

Online Desk
BB sells gold worth Tk18cr for 1st time in 16yrs

Bangladesh Bank (BB), for the first time in 16 years, auctioned 25 kgs of gold for around Tk 18 crore on Wednesday.

The central bank was keen to auction the gold in late 2022 but failed to find the expected buyers.

"Bangladesh Bank sold 25.312 kgs of gold in different qualities for Tk 17.99 crore. After completing all the processes on Wednesday, the gold was handed over to the buyer company, Venus Jewellers," said BB spokesperson Mezbaul Haque.

BB last sold 21.822 kgs of gold through auction on July 23, 2008. Moreover, another 25, 21, and 20 kgs of gold were sold in three phases earlier that year.